The Hellenic Telecommunications and Post Commission (EETT) has launched Greece’s tender to award frequencies to operate the country’s 5G networks.
Published Thursday, EETT said the auction concerns the 700-megahertz, the 2GHz, the 3,400-3,800 MHz and the 26 GHz bands. The starting price for the entire set of frequencies is set at €367.3 million with applications to be submitted on October 23 from 10:00am.
The auction is expected to be completed by December 21.
Assessing the future value of Greece’s 5G economy, Accenture said the technology has the potential to increase GDP by US$6.7 billion and create 46,000 jobs between 2022 and 2028. As many as 52% of consumers surveyed by Accenture agreed on the importance of Greece being among the 5G adoption leaders in South East Europe.
The analysis read: “Our study confirms a high degree of convergence at telco’s expectations and plans regarding 5G deployment and strategy. All telco players agree that eMBB will be among the first commercially available 5G services. An additional interesting finding is that all of them are also seriously considering a collaboration model in the deployment of network infrastructure.”